At times like this, the bashers of the stock keep reminding us "to follow the money" and "the trend is your friend."
If I was a day trader or short term investor these old sayings might be a good guide. As a long term investor I also
believe in follow the money. In this respect I do not look at increasing short sales, but instead, I look at the tens and tens
of billions of dollars being invested in EV's by the automobile industry. Yes, as a long term investor in this company
the trend is my friend as I look at the sharp increase in the build out of so many battery plants. Sure this steady errosion
in share price is disheartening. But this is more than offset by the steady improvement of the fundamentals upon which
I originally made this investment.
One last point. There are currently about 150 million shares short or about $90 million. One giga factory cost substantially
more than that to build and there are over 70 being built ! That's the money I'm following.
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At times like this, the bashers of the stock keep reminding us...
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B |
Open | High | Low | Value | Volume |
$2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 325534 | $2.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 158813 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3279 | 2.880 |
1 | 8000 | 2.850 |
1 | 600 | 2.840 |
3 | 162003 | 2.830 |
4 | 29560 | 2.820 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 96973 | 10 |
2.910 | 42271 | 5 |
2.920 | 98708 | 8 |
2.930 | 17775 | 3 |
2.940 | 105638 | 7 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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PLS (ASX) Chart |